U.S.: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in the U.S.

The U.S. leather sports gloves market surged to $X in 2022, with an increase of 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Leather sports gloves consumption peaked in 2022 and is expected to retain growth in the immediate term.

Leather Sports Gloves Exports

Exports from the U.S.

Leather sports gloves exports from the United States soared to X units in 2022, jumping by 19% on 2021 figures. In general, total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +180.6% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 93% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, leather sports gloves exports surged to $X in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when exports increased by 31%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Canada (X units) was the main destination for leather sports gloves exports from the United States, accounting for a 61% share of total exports. Moreover, leather sports gloves exports to Canada exceeded the volume sent to the second major destination, Australia (X units), sevenfold. The third position in this ranking was held by the UK (X units), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+4.8% per year) and the UK (+14.2% per year).

In value terms, Canada ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from the United States, comprising 61% of total exports. The second position in the ranking was held by Australia ($X), with an 8.3% share of total exports. It was followed by Mexico, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+4.0% per year) and Mexico (+9.6% per year).

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, with an increase of 4% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 79% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Leather Sports Gloves Imports

Imports into the U.S.

In 2022, imports of leather sports gloves, mittens and mitts into the United States amounted to X units, with an increase of 3.1% against 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 59% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, leather sports gloves imports surged to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X units) constituted the largest leather sports gloves supplier to the United States, accounting for a 50% share of total imports. Moreover, leather sports gloves imports from Indonesia exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. The third position in this ranking was taken by Vietnam (X units), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.3% per year) and Vietnam (-4.5% per year).

In value terms, the largest leather sports gloves suppliers to the United States were Indonesia ($X), Vietnam ($X) and the Philippines ($X), with a combined 64% share of total imports.

Vietnam, with a CAGR of +9.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average leather sports gloves import price amounted to $X per unit, picking up by 35% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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